It is hard to imagine a more venerable luxury brand than Cartier, which has a reputation for artisanal excellence second to none. Yet, the majority of its audience is that lodestone of modern marketing, millennials.
The company set up from scratch in 2014 by luxury group Kering, the industry’s first to internalise its eyewear business, is about to top the €500 million revenue mark, and says it isn’t interested in Safilo.
Saint Laurent’s models on Tuesday paraded down a runway filled with dozens of projector lights against the backdrop of the Eiffel Tower to showcase the French label’s collection for Paris Fashion Week.
On Wednesday, Kering announced the issue of €500 million worth of bonds, maturing in 2022, that are exchangeable for Puma shares, a further step in its exit from the German sport group, which began in 2018.
Shortly after Kering announced that Gucci is now carbon-neutral, the luxe group said Tuesday that the entire organisation is set to become carbon-neutral too within its own operations and across the entire supply chain.